Four Corners Property Trust (FRA:4Z1) Cyclically Adjusted FCF per Share: €1.55 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:4Z1 Four Corners Property Trust Inc FRA:4Z1
82 GF Score
Price €22.60
GF Value €21.88
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Four Corners Property Trust Cyclically Adjusted FCF per Share?

Four Corners Property Trust FRA:4Z1 -0.88% 82 Cyclically Adjusted FCF per Share is €1.55 as of Mar. 2026. GuruFocus rates FRA:4Z1 with a GF Score™ of 82/100 and a GF Value™ of €21.88 (Fairly Valued). The stock has 7 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Four Corners Property Trust's adjusted free cash flow per share for the three months ended in Mar. 2026 was €0.372. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €1.55 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Four Corners Property Trust's average Cyclically Adjusted FCF Growth Rate was 7.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2026-07-18), Four Corners Property Trust's current stock price is €22.60. Four Corners Property Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was €1.55. Four Corners Property Trust's Cyclically Adjusted Price-to-FCF of today is 14.58.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Four Corners Property Trust was 19.87. The lowest was 12.81. And the median was 15.98.


Four Corners Property Trust  (FRA:4Z1) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Four Corners Property Trust's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=22.60/1.55
=14.58

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Four Corners Property Trust was 19.87. The lowest was 12.81. And the median was 15.98.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Four Corners Property Trust Cyclically Adjusted FCF per Share Related Terms


Four Corners Property Trust Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Four Corners Property Trust's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Four Corners Property Trust Cyclically Adjusted FCF per Share Chart

Four Corners Property Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 1.55 1.58

Four Corners Property Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.51 1.46 1.52 1.58 1.55

FRA:4Z1 vs IVT, AKR, UE: Cyclically Adjusted FCF per Share Comparison

For the REIT - Retail subindustry, Four Corners Property Trust's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Four Corners Property Trust Cyclically Adjusted Price-to-FCF vs REITs Industry

For the REITs industry and Real Estate sector, Four Corners Property Trust's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Four Corners Property Trust's Cyclically Adjusted Price-to-FCF falls into.


FRA:4Z1
82GF Score
Four Corners Property Trust Inc FRA:4Z1
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Four Corners Property Trust Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Four Corners Property Trust's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.372/330.2130*330.2130
=0.372

Current CPI (Mar. 2026) = 330.2130.

Four Corners Property Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.255 241.018 0.349
201609 0.273 241.428 0.373
201612 0.306 241.432 0.419
201703 0.296 243.801 0.401
201706 0.298 244.955 0.402
201709 0.287 246.819 0.384
201712 0.259 246.524 0.347
201803 0.287 249.554 0.380
201806 0.266 251.989 0.349
201809 0.327 252.439 0.428
201812 0.191 251.233 0.251
201903 0.425 254.202 0.552
201906 0.273 256.143 0.352
201909 0.361 256.759 0.464
201912 0.305 256.974 0.392
202003 0.220 258.115 0.281
202006 0.247 257.797 0.316
202009 0.342 260.280 0.434
202012 0.288 260.474 0.365
202103 0.351 264.877 0.438
202106 0.295 271.696 0.359
202109 0.391 274.310 0.471
202112 0.319 278.802 0.378
202203 0.393 287.504 0.451
202206 0.357 296.311 0.398
202209 0.542 296.808 0.603
202212 0.367 296.797 0.408
202303 0.411 301.836 0.450
202306 0.502 305.109 0.543
202309 0.446 307.789 0.478
202312 0.368 306.746 0.396
202403 0.276 312.332 0.292
202406 0.401 314.175 0.421
202409 0.412 315.301 0.431
202412 0.329 315.605 0.344
202503 0.477 319.799 0.493
202506 0.375 322.561 0.384
202509 0.400 324.800 0.407
202512 0.385 324.054 0.392
202603 0.372 330.213 0.372

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of €1.55 mean?
Four Corners Property Trust (FRA:4Z1) has a Cyclically Adjusted FCF per Share of €1.55 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Four Corners Property Trust and its competitors.
Is Four Corners Property Trust's Cyclically Adjusted FCF per Share too high?
Four Corners Property Trust's current Cyclically Adjusted FCF per Share is €1.55. Overall, Four Corners Property Trust has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Four Corners Property Trust's Cyclically Adjusted FCF per Share compare to IVT and AKR?
Four Corners Property Trust's Cyclically Adjusted FCF per Share of €1.55 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a REITs company?
A good Cyclically Adjusted FCF per Share depends on the REITs industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Four Corners Property Trust and its competitors. Four Corners Property Trust's current Cyclically Adjusted FCF per Share is €1.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Four Corners Property Trust stock overvalued right now?
Based on GuruFocus' analysis, Four Corners Property Trust (FRA:4Z1) is currently considered Fairly Valued. The stock's GF Value™ is €21.88, compared to a current price of €22.60 — trading 3.3% above its estimated fair value. The current Cyclically Adjusted FCF per Share is €1.55. Four Corners Property Trust's overall GF Score™ is 82/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Four Corners Property Trust (FRA:4Z1), the current Cyclically Adjusted FCF per Share is €1.55 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Four Corners Property Trust (FRA:4Z1) Overvalued in 2026?

Based on GuruFocus' analysis, Four Corners Property Trust stock appears to be overvalued. The current stock price of €22.60 is trading 3.3% above its estimated GF Value™ of €21.88. GuruFocus considers Four Corners Property Trust to be Fairly Valued.

Key valuation signals for FRA:4Z1:

  • Cyclically Adjusted FCF per Share: €1.55
  • GF Value™: €21.88 vs. price of €22.60 (3.3% above fair value)
  • GF Score™: 82/100 with 7 warning signs

No single metric tells the full story. See the FRA:4Z1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Four Corners Property Trust Business Description

Industry Real EstateREITs
Other Exchanges FCPT:USA4Z1:Germany
Address 591 Redwood Highway, Suite 3215, Mill Valley, CA, USA, 94941
Four Corners Property Trust Inc is a real estate investment trust predominantly engaged in the ownership, acquisition and leasing of restaurant and retail properties. The company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. The firm operates through two segments namely, real estate operations and restaurant operations. The real estate operations segment consists of rental revenues generated by leasing restaurant and retail properties to tenants. The restaurant operations segment is conducted through a taxable REIT subsidiary (TRS) and consists of Kerrow Restaurant Operating Business. The firm generates majority of the revenue from the real estate operations segment.
82GF Score

Get the complete analysis for FRA:4Z1

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€22.60
Price
€21.88
GF Value